Details

Autor(en) / Beteiligte

• Weemaes, Stephan
• Bruneel, Johan
• Gaeremynck, Ann
• Debrulle, Jonas

Titel

Initial external knowledge sources and start-up growth

Ist Teil von

• Small business economics, 2022-01, Vol.58 (1), p.523-540

Ort / Verlag

New York: Springer US

Erscheinungsjahr

2022

Quelle

Business Source Ultimate

Beschreibungen/Notizen

• We investigate whether the presence of outside members in the board or buying ad hoc professional advisory services fuel short-term start-up growth. Furthermore, how the founding team’s initial knowledge stock as well as environmental uncertainty affect this relationship is examined. Our results only suggest a positive association between professional advisory services and start-up growth, which seem to suggest that the presence of an outside board member does not affect short-term start-up growth. We also find that the relationship between professional advisory services and growth is more pronounced when previous relevant industry expertise of the founding team is lower and technological opportunities in the environment are larger. Our findings advance understanding of the determinants of short-term start-up growth and are of practical relevance to entrepreneurs and policymakers.